UIMCEC
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Status Update - January 30, 2019
After 10 years and $3.6 million lent on Kiva, UIMCEC is no longer raising funds for microloans on Kiva for internal administrative reasons. Kiva thanks UIMCEC for their partnership and wishes them the best in their work in Senegal.
Partner Description:
The Union of Mutualist Institutions of Savings and Credit (UIMCEC), a partner of ChildFund International, is a federation of four licensed microfinance institutions based in Dakar, Mbour, Thiès and Ziguinchor with over 40 service points serving most of Senegal’s administrative regions, including many rural areas.
UIMCEC’s mission is to improve the income and well-being of families by providing access to well-designed financial services allowing for the development of income-generatiing activities, principally for young microentrepreneurs living in rural and periurban areas.
UIMCEC’s vision is to become a large, mature institution offering a wide variety of well-designed products and services that positively impact its members, staff and communities served, while working toward its own financial automomy. As a member-owned institution, UIMCEC aims to favor collaboration and cooperation between members.
Management and Governance Structure:
UIMCEC has a Board of Directors in each of the four regions its serves and a national Board of Directors with elected representation from each region board. In addition to the Board of Directors, UIMCEC also has an elected Credit Committee and Internal-Control Committee in each region.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Feb 8, 2008 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $3,564,100 | $2,061,427,940 | |
Amount of raised Inactive loans | $0 | $389,200 | |
Number of raised Inactive loans | 0 | 318 | |
Amount of Paying Back Loans | $0 | $151,289,490 | |
Number of Paying Back Loans | 0 | 180,128 | |
Amount of Ended Loans | $3,564,100 | $1,864,455,145 | |
Number of Ended Loans | 5,466 | 2,517,146 | |
Delinquency Rate | 0.00% | 11.61% | |
Amount in Arrears | $0 | $10,584,537 | |
Outstanding Portfolio | $0 | $91,136,425 | |
Number of Loans Delinquent | 0 | 34,410 | |
Default Rate | 0.76% | 1.83% | |
Amount of Ended Loans Defaulted | $26,930 | $34,072,925 | |
Number of Ended Loans Defaulted | 79 | 91,307 | |
Currency Exchange Loss Rate | 0.60% | 0.47% | |
Amount of Currency Exchange Loss | $21,557 | $12,915,654 | |
Refund Rate | 1.04% | 0.55% | |
Amount of Refunded Loans | $37,075 | $11,263,070 | |
Number of Refunded Loans | 56 | 9,868 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 59.88% | 78.52% | |
---|---|---|---|
Average Loan Size | $348 | $393 | |
Average Individual Loan Size | $508 | $585 | |
Average Group Loan Size | $1,369 | $1,914 | |
Average number of borrowers per group | 6.2 | 8.3 | |
Average GDP per capita (PPP) in local country | $2,300 | $5,592 | |
Average Loan Size / GDP per capita (PPP) | 15.12% | 7.03% | |
Average Time to Fund a Loan | 7.3 days | 9.14 days | |
Average Dollars Raised Per Day Per Loan | $47.65 | $43.02 | |
Average Loan Term | 11.5 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 604 | 1,228,670 | |
---|---|---|---|
Journaling Rate | 10.68% | 41.93% | |
Average Number of Comments Per Journal | 0.04 | 0.02 | |
Average Number of Recommendations Per Journal | 0.58 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 19% PY | 23.00% PY | 27.12% PY | |
---|---|---|---|---|
Profitability (return on assets) | -4.6% | -0.1% | -1.71% | |
Average Loan Size (% of per capita income) | N/A | 46.00% | 0.00% |
Country Fast Facts
- Country:
- Senegal
- Capital:
- Dakar
- Official Language:
- French (official), Wolof, Pulaar, Jola, Mandinka
- Population:
- 13,635,927
- Avg Annual Income:
- $2,300
- Labor Force:
- agriculture: 77.5%, industry and services: 22.5%
- Population Below Poverty Line:
- 46.70%
- Literacy Rate:
- 57.70%
- Infant Mortality Rate (per 1000):
- 52.72 deaths
- Life Expectancy:
- 74.54 years